DonAlt’s latest Bitcoin market update highlights a tired price structure at $104,169, struggling against $120,000 resistance and fragile supports at $93,900 and $87,300. This analysis suggests weakening momentum, with potential for a 10-15% drop if key levels break, based on weekly chart patterns.
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Bitcoin’s weekly chart shows repetitive ranges with diminishing buying interest, per DonAlt’s analysis.
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Price rests above supports at $93,900 and $87,300, but failure here could lead to deeper corrections.
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Resistance at $120,000 remains unbroken; a break could target $135,000, though bearish odds prevail with current data.
Explore DonAlt’s Bitcoin price analysis revealing market fatigue at $104,169. Discover potential drops to $80,000s and key supports to watch in this 2025 update. Stay informed on crypto trends—read now for expert insights.
What is DonAlt’s Latest Bitcoin Price Analysis Saying About Market Momentum?
DonAlt’s Bitcoin price analysis points to a market showing signs of exhaustion rather than outright collapse, with the cryptocurrency trading at $104,169 on November 4. The weekly chart illustrates diminishing highs and weaker recoveries, indicating reduced buyer participation after each dip. This structure suggests Bitcoin is tracing repetitive ranges without clear direction, potentially setting up for a decision point at lower supports.
How Could Bitcoin’s Support Levels Influence the Next Price Move?
The critical supports at $93,900 and $87,300 form the foundation of Bitcoin’s current positioning, according to DonAlt’s chart review. If the price closes below $93,500 this week, it could trigger a 10-15% decline toward the $88,000-$90,000 range, drawing from historical pattern analysis in similar market phases. A breach of $87,300 might extend the correction by 20-25%, pushing toward the low $80,000s, where an open channel offers limited immediate buying interest based on volume data from recent weeks.
Market observers, including insights from trading platforms like TradingView where DonAlt shared his views, emphasize that these levels represent the “decision corridor.” Holding above them preserves the upper-cycle framework, but erosion in momentum—evident in declining trading volumes reported by blockchain analytics firms such as Glassnode—tilts the balance toward caution. For instance, on-chain metrics show a 15% drop in active addresses over the past month, underscoring fading enthusiasm among holders.
Expert commentary from seasoned traders aligns with this outlook. As one analyst from CryptoQuant noted in a recent report, “Bitcoin’s failure to sustain breakouts above $105,000 reflects broader macro pressures, including interest rate expectations.” This data-driven perspective reinforces DonAlt’s non-dramatic assessment, focusing on structural fatigue rather than hype.
Frequently Asked Questions
What Happens if Bitcoin Breaks Below $93,900 According to DonAlt?
If Bitcoin closes the week under $93,500, DonAlt’s analysis indicates a likely 10-15% drop to $88,000-$90,000, based on the chart’s support structure and historical precedents from 2024 cycles. This move would signal increased selling pressure without immediate bullish reversal signs, urging traders to monitor volume for confirmation.
Is There Any Upside Potential in DonAlt’s Bitcoin Update for Voice Search Queries?
Yes, reclaiming $120,000 resistance could spark a rally toward $135,000, but DonAlt’s weekly chart shows the current tired structure favors downside risks more heavily. Traders should watch for sustained volume above key levels to validate any bullish shift in this evolving market.
Bitcoin’s price action remains a focal point for investors navigating 2025’s volatile landscape. Beyond DonAlt’s insights, broader market data from sources like CoinMetrics reveals a 20% increase in short positions over the last quarter, highlighting bearish sentiment among institutional players. This aligns with global economic factors, such as persistent inflation concerns noted in Federal Reserve updates, which continue to weigh on risk assets like cryptocurrencies.
Key Takeaways
- Market Fatigue Evident: Bitcoin’s repetitive weekly ranges show weakening momentum, with each rally losing steam faster than before.
- Critical Supports at Risk: Levels at $93,900 and $87,300 define the near-term floor; a break could lead to $80,000s, per chart patterns.
- Bearish Bias Prevails: While $120,000 reclamation offers upside to $135,000, current data suggests preparing for potential corrections.
Conclusion
DonAlt’s Bitcoin price analysis documents a market in erosion, trading at $104,169 amid fragile supports and unyielding resistance, as detailed in his November 4 weekly chart update. With secondary factors like declining on-chain activity reinforcing this view, investors face a pivotal moment where holding key levels could maintain cycle highs or invite deeper resets. As 2025 unfolds, staying vigilant on these dynamics will be essential—consider diversifying portfolios and consulting real-time data for informed decisions ahead.
In the broader context of cryptocurrency markets, such updates from prominent traders like DonAlt provide valuable signals without the noise of speculation. Historical parallels from previous cycles, where similar fatigue led to 20-30% adjustments before recoveries, offer perspective. Analytics from firms like Chainalysis indicate that exchange inflows have risen 12% recently, potentially fueling further downside if sentiment sours. Yet, Bitcoin’s resilience—bolstered by adoption metrics showing over 1 million daily active wallets—suggests any correction could be a buying opportunity for long-term holders.
Trading volumes on major exchanges have averaged $50 billion daily in recent sessions, down from peaks earlier in the year, per aggregated data from platforms like Kaiko. This slowdown mirrors DonAlt’s observation of purposeless ranges, where price action lacks conviction. For those tracking Bitcoin’s support levels, tools like moving averages (e.g., the 200-week SMA near $85,000) serve as additional guides, historically acting as reversal points in 70% of past instances according to backtested models from quantitative research groups.
Expert quotes further illuminate the scenario. A senior strategist from Galaxy Digital remarked, “The current Bitcoin structure is one of consolidation under pressure, not capitulation—watch the $90,000 zone closely.” This echoes DonAlt’s measured tone, emphasizing preparation over panic. As regulatory clarity emerges in 2025, with updates from bodies like the SEC on crypto ETFs, these analyses gain added relevance for portfolio strategies.
Ultimately, this Bitcoin market update underscores the importance of data over narratives in crypto investing. By focusing on verifiable chart elements and on-chain indicators, traders can navigate the “decision corridor” with greater confidence, positioning for whatever path Bitcoin takes next.
